The January 2017 Cookeville Real Estate Report

It’s a fresh new year and real estate is off to a great start here in Putnam county. Inventory is low in most price ranges making this a great time to sell. In this report I’ll share with you how many homes are currently for sale in each price range as well as how many sold during the month of January. The months of inventory under current market conditions helps you see which price ranges are moving the fastest. Please keep in mind that January is typically our slowest month, so these numbers will accelerate as we move into spring.

This market report includes all residential property types and includes all of Putnam county (Cookeville, Algood, Monterey, and Baxter). Scroll down past the monthly report to see a breakdown of 2016 sales by price range also.

January 2017

Price Range Active Listings Sold Listings Months of Inventory Supply

$0 – $100k 33 10 3.3 mos

$100,001 – $125k 26 9 2.8 mos

$125,001 – $150k 25 4 6.25 mos

$150,001 – $175k 31 6 5.16 mos

$175,001 – $200k 24 11 2.18 mos

$200,001 – $225k 14 1 14 mos

$225,001 – $250k 23 5 4.6 mos

$250,001 – $275k 14 5 2.8 mos

$275,001 – $300k 13 0 13 mos

$300,001 – $325k 8 1 8 mos

$325,001 – $350k 14 2 7 mos

$350,001 – $375k 8 1 8 mos

$375,001 – $400k 12 0 12 mos

$400,001 – $450k 9 1 9 mos

$450,001 – $500k 6 0 6 mos

$500,001k + 26 0 26+ mos

The 2016 Year in Review for Putnam county real estate

Price Range Sold for the Year Average Number Sold Per month

$0 – $100k 154 12.83 per month

$100,001 – $125k 146 12.016 per month

$125,001 – $150k 166 13.83 per month

$150,001 – $175k 119 9.91 per month

$175,001 – $200k 90 7.5 per month

$200,001 – $225k 65 5.4 per month

$225,001 – $250k 70 5.8 per month

$250,001 – $275k 42 3.5 per month

$275,001 – $300k 43 3.58 per month

$300,001 – $325k 14 1.16 per month

$325,001 – $350k 9 0.75 per month

$350,001 – $375k 11 0.91 per month

$375,001 – $400k 13 1.08 per month

$400,001 – $450k 9 0.75 per month

$450,001 – $500k 6 0.50 per month

$500,001k + 15 1.25 per month

These numbers reflects only sales recorded through the MLS, and does not include for-sale-by-owners.

This report is a broad look at Putnam county real estate sales.

I list property in Putnam, Overton, Jackson, and White counties and a provide a much more geographically tailored report for my seller clients. Understanding market trends and activity levels helps you to strategically price your home to sell so that you net the most money possible. Thinking of selling your property? Let’s talk!